The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Tue, 18 Aug 2026 11:32:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.10 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png PCAOB Selection Process and the GAO Report – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 PCAOB Selection Process and the GAO Report https://corpgov.law.harvard.edu/2019/11/14/pcaob-selection-process-and-the-gao-report/?utm_source=rss&utm_medium=rss&utm_campaign=pcaob-selection-process-and-the-gao-report https://corpgov.law.harvard.edu/2019/11/14/pcaob-selection-process-and-the-gao-report/#comments Thu, 14 Nov 2019 14:35:10 +0000 https://corpgov.law.harvard.edu/?p=123898?d=20191114093641EST Posted by Lynn E. Turner, Hemming Morse LLP, on Thursday, November 14, 2019
Editor's Note:

Lynn E. Turner is former Chief Accountant at the U.S. Securities and Exchange Commission and currently senior advisor at Hemming Morse LLP.

The Public Company Accounting Oversight Board (PCAOB) was created when Congress passed the Sarbanes-Oxley Act of 2002 (SOX). The PCAOB is a five member quasi governmental board appointed by the SEC, with the obligation and responsibility to oversee the audits of publicly listed companies, and the audit firms who perform them. The stated purpose of the board is to “…protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports…” The members of the PCAOB are to be “…appointed from among prominent individuals of integrity and reputation who have a demonstrated commitment to the interests of investors and the public…” Two and only two of the board members can be CPA’s.

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